VERO BEACH, Florida, Nov. 27, 2024 (GLOBE NEWSWIRE) -- ARMOUR Residential REIT, Inc. (NYSE: ARR and ARR-PRC) (“ARMOUR” or the “Company”) today announced the December 2024 cash dividend for the Company's Common Stock. December 2024 Common Stock Dividend Information Certain Tax Matters ARMOUR has elected to be taxed as a real estate investment trust (“REIT”) for U.S. Federal income tax purposes. In order to maintain this tax status, ARMOUR is required to timely distribute substantially all of its ordinary REIT taxable income. Dividends paid in excess of current tax earnings and profits for the year will generally not be taxable to common stockholders. Actual dividends are determined at the discretion of the Company’s board of directors, which may consider additional factors including the Company’s results of operations, cash flows, financial condition and capital requirements as well as current market conditions, expected opportunities and other relevant factors. About ARMOUR Residential REIT, Inc. ARMOUR invests primarily in fixed rate residential, adjustable rate and hybrid adjustable rate residential mortgage-backed securities issued or guaranteed by U.S. Government-sponsored enterprises or guaranteed by the Government National Mortgage Association. ARMOUR is externally managed and advised by ARMOUR Capital Management LP, an investment advisor registered with the Securities and Exchange Commission (“SEC”). Safe Harbor This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations, estimates and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. The Company disclaims any obligation to release publicly any updates or revisions to any forward-looking statement to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law. Additional Information and Where to Find It Investors, security holders and other interested persons may find additional information regarding the Company at the SEC’s internet site at www.sec.gov , or the Company website at www.armourreit.com , or by directing requests to: ARMOUR Residential REIT, Inc., 3001 Ocean Drive, Suite 201, Vero Beach, Florida 32963, Attention: Investor Relations. Investor Contact: Gordon M. Harper Chief Financial Officer ARMOUR Residential REIT, Inc. (772) 617-4340The first commercial batch of made-in-Canada low-carbon aviation fuel sourced from non-food grade canola and tallow has been produced and quickly purchased. Fuel retailer Parkland Corp. said Tuesday it has successfully produced about 100,000 litres of the fuel at its refinery in Burnaby, B.C. “using existing infrastructure.” Parkland senior vice-president Ferio Pugliese said it means production can easily be scaled up, but only if Canada provides the necessary conditions to create an ecosystem around the nascent commodity and its adoption across the country. “We need to do more to make low-carbon air travel a reality,” Pugliese said during the announcement in Vancouver on Tuesday. “We need a long-term Canadian solution for low-carbon, sustainable aviation fuel.” While the potential for emission reduction is massive with production in Canada is also significantly more expensive, Pugliese said. He notes that similar low-carbon fuels used in vehicles, buses and ferries have about one-eighth of the carbon content when compared to traditional fuels. Pugliese said other countries such as the United States incentivize production and use of low-carbon jet fuel, creating the necessary ecosystem to support a local industry. “Currently, the Canadian aviation industry purchases low-carbon aviation (fuel) from other countries and imports it from across the globe into Canada. That makes little sense.” Parkland began trying to develop the fuel in 2017, and the entire batch of the first production run has already been bought by Air Canada. Pugliese said the purchase of the fuel by Air Canada completes a value chain within the country that shows local development, production, sale and use of low-carbon jet fuel can be achieved to the benefit of everyone — but only if the support from government is there. “Airlines need very practical solutions, and today, right here in B.C., Parkland has created a made-in-Canada solution to a global challenge,” he said. The comments echoed that of WestJet CEO Alexis von Hoensbroech, who in 2023 said the global push for decarbonizing commercial aviation by 2050 will cause spikes in airfares unless governments intervene. Part of the challenge, von Hoensbroech said, is that alternative energy sources such as electric or hydrogen aircraft remains a long way from reality, making the sector difficult to decarbonize. In February, a pair of industry groups, including the National Airlines Council of Canada, said the country needed incentives matching that of the United States to spark production of sustainable aviation fuels. Commercial aviation giant Airbus has said that low-carbon jet fuel can reduce carbon-dioxide emissions by about 80 per cent, and development is ongoing for planes to be able to run completely on it instead of needing to mix it with conventional fuels. But Airbus also said the ecosystem for the fuel is still “in its infancy,” with just 600 million litres produced last year, making up 0.2 per cent of all aviation fuel for 2023. “Appropriate regulatory mechanisms and inventive structures still need to be put in place, and even then, there are challenges associated with the limited availability of land and biowaste,” Airbus said of the technology on its website. Airbus has said it is increasing its own use of low-carbon fuels with a goal of reaching 30 per cent of its total fuel mix by 2030.uLab® Announces Strategic Collaboration with Voxel and LuxCreo to Revolutionize Direct Print Aligner Technology
Stock market today: Losses for Big Tech pull US indexes lowerTHE ENDLESS SCROLLING through your streaming service of choice can make choosing a film at Christmas feel as stressful as a day at the office. So here’s a bit of help for selecting a flick this year – no matter what your taste. Shaun the Sheep Movie Introduce your little ones to the joy of the animated 2015 movie Shaun the Sheep, which is a cute but laugh-out-loud treat. In it, Shaun and his friends need to go to the big city to rescue their farmer – and disguise themselves as they go. Slapstick-a-plenty awaits. The Net Head back to the days when social media was but a glint in Mark Zuckerberg’s eye with this 1995 film starring a young Sandra Bullock. She plays a computer programmer who gets unwittingly embroiled in a conspiracy and has to use the internet to hack her way to freedom. Though technology has moved on, this is still a very compelling thriller and shows why Bullock has had such a great career. Planes Trains and Automobiles Funnymen Steve Martin and John Candy team up for this extremely 80s movie (it’s from 1987) about two complete opposites who get stuck on a long journey to Chicago together at Christmas. They don’t make ‘em like this anymore. Spy One of the funniest films of the 2000s, this 2015 movie sees Melissa McCarthy play an unassuming CIA operative who spends her days at her desk. But when the agent she works with (played by Jude Law) goes missing, she’s forced to take a trip out into the field, with hilarious results. Watch out for brilliant comedic turns by Rose Byrne and a hilarious Jason Statham. The Intern ( ) Robert DeNiro makes a surprise – but sweet – appearance in this 2015 Nancy Meyers film about an older man who becomes an intern in an office full of young people. Anne Hathaway plays his boss, and the two form an unlikely friendship. Like many Meyers films, this is by turns cute and poignant. Good Grief Be prepared to have a lil’ cry watching this 2023 movie. Dan Levi plays a London-based American who loses his husband Oliver (Luke Evans) unexpectedly. Can he get through grief, and deal with some unexpected revelations about his late husband, with a little help from his friends? You probably know the answer, but you’ll enjoy the process of finding out. La Chimera Josh O’Connor stars as Arthur, a down-at-heel Englishman in Italy who gets involved with a group of grave robbers. This strange and wonderful 2024 film, directed by Alice Rohrwacher, feels a little magical as it explores grief and its impact on people. Plus, O’Connor speaks Italian throughout, the film stars Isabella Rossellini. Many reasons to watch this. The Taste of Things This gently unfolding 2023 film is set in 1899 and stars Juliette Binoche as a cook called Eugénie who works for a gourmet named Dodin (Benoît Magimel).... and Dodin might be in love with her. But can he woo her with delicious food? You’ll be hungry after watching this. The Florida Project You might have seen one of this year’s biggest films, Anora, directed by Sean Baker. One of his previous films, The Florida Project (2017), is on Mubi. It’s about a spirited young girl called Moonee (Brooklynn Prince) who lives in a motel near Disneyland which is run by a man named Bobby (Willem Dafoe). Though Moonee is having fun, her life is lived on the margins. Bottoms Not a film for all the family, but definitely one for those who like a sassy, cheeky (and a little bit violent) Gen Z LGBT 2023 movie. Ayo Edebiri and Rachel Sennott star as two messy students who start a fight club in their school, with the aim of losing their virginity. Also has a funny turn from Nicholas Galitizine as a dopey high school football player. The Santa Clause This film is 30 years old but is still great craic to watch. Tim Allen stars as a man who has to unexpectedly and unwittingly take on the role of Santa Clause. He doesn’t want the job, but soon he has a grey beard growing and his clothes are getting tight...